How to Watch IPL 2011 Live Online

The Times Group has created a IPL Website namedipl.indiatimes.comwhere all the IPL cricket matches will be live live streaming.
For the IPL 2011, IndiaTimes has also partnered with Google for broadcast and all matches will be streamed live on YouTube at www.youtube.com/indiatimes. (Â the live video source is the same as indiatimes.com )

If you are outside India,
In the UK will be able to watch the matches live through itv.com
watch the IPL matches live on your mobile phone in the U.S., Willow TV is another option.
Ten Network will provide live coverage for IPL in Australia, Rogers Sportsnet in Canada, ITV4 in the UK, ADD if you are in the Middle East, Geo Super in Pakistan

You may refer to Wikipedia for a complete list of TV channels that secured the broadcasting rights of the Indian Premier League 2011 in your country.